CIOs Must Embrace Risk to Achieve Greater Innovation

Reporter

Too many companies winnow out potentially important developments by getting bogged down in processes that champion low risk-taking, which leads to incremental innovation, according to a new report from Accenture. Adi Alon, managing partner for the consultant, said CIOs should think almost like venture capitalists, reaching for loftier goals despite the greater risk of failure.

Deloitte Touche Tohmatsu Limited's fourth annual Millennial Survey reveals the business activities and outcomes members of Generation Y would prioritize if they held leadership positions. In highlighting millennials' priorities, the survey results draw attention to this generation's values and the themes large enterprises should speak to if they wish to attract and retain members of this rising workforce.